Development of Kosovo Financial Institutions Over Various Periods

When considering the performance and the development degree of Kosovo financial institutions, one should take into account some influential factors. The most important factor for addressing the development degree of financial institutions is by no doubt their historical past. Kosovo came out from an occupation situation in 1999, thus we must focus on the financial institutions that became operational after that year. Financial sector in developed countries has a long history, which implies its stability. If we were to look at the history of those institutions we will see that they had faced many wars and developed their business activity without any interruption. In Kosovo we have a more specific situation due to the fact that there was no stable development of the country - a precondition for functioning financial sector. The political developments that took place over the past years also had an impact over the characteristics of Kosovo financial institutions. Even before the occupation years from 1990 to 1999, Kosovo also had other handicaps in the development of its financial system, therefore an observation of periods by separating them on the basis of their specifics over the time aspect will lead us to a conclusion over the development degree of financial institutions